BOE Report Oil futures fell on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict COVID-19 curbs fuelled demand concerns. U.S. West Texas Intermediate (WTI) crude slid $1.80, or 2.35%, to $74.71 a barrel. It fell as far as $73.82 earlier — its lowest since Dec. 27, 2021. Brent crude dropped $1.90, or
Reuters PORT HARCOURT/LAGOS – Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters. Already unemployment is above 40% in Nigeria’s energy regions and observers say further job losses could aggravate problems of pipeline tapping, illegal oil refining and
Some Iranians interpret new contracts with IOCs as foreign ownership International sanctions have been lifted from Iran following the country’s successful implementation of all measures required to start the Joint Comprehensive Plan of Action (JCPOA), but an internal struggle continues in Iran between conservative factions and President Hassan Rouhani’s administration. On Saturday, student protestors aligned with the Basij, a hard-line
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